Memorex 2012 Annual Report Download - page 48
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 |
 |
IMATION CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2012 2011 2010
(In millions, except per share amounts)
Net revenue ......................................................... $1,099.6 $1,290.4 $1,460.9
Cost of goods sold ..................................................... 897.3 1,073.7 1,234.5
Gross profit ...................................................... 202.3 216.7 226.4
Operating expenses:
Selling, general and administrative ..................................... 210.7 203.7 202.5
Research and development .......................................... 22.8 21.0 16.4
Intangible impairments ............................................. 260.5 — —
Litigation settlement ............................................... — 2.0 2.6
Goodwill impairment ............................................... 23.3 1.6 23.5
Restructuring and other ............................................. 21.1 21.5 51.1
Total ......................................................... 538.4 249.8 296.1
Operating loss ........................................................ (336.1) (33.1) (69.7)
Other (income) expense
Interest income ................................................... (0.5) (0.9) (0.8)
Interest expense .................................................. 2.9 3.7 4.2
Other expense, net ................................................ 2.6 7.0 3.3
Total ......................................................... 5.0 9.8 6.7
Loss from continuing operations before income taxes ........................... (341.1) (42.9) (76.4)
Income tax (benefit) provision ............................................ (0.4) 3.8 81.9
Loss from continuing operations ........................................... (340.7) (46.7) (158.3)
Discontinued operations:
Loss from discontinued operations, net of income taxes ....................... — — (0.2)
Net loss ............................................................. $ (340.7) $ (46.7) $ (158.5)
Loss per common share — basic:
Continuing operations ................................................ $ (9.09) $ (1.24) $ (4.19)
Discontinued operations .............................................. — — (0.01)
Net loss ........................................................... (9.09) (1.24) (4.19)
Loss per common share — diluted:
Continuing operations ................................................ $ (9.09) $ (1.24) $ (4.19)
Discontinued operations .............................................. — — (0.01)
Net loss ........................................................... (9.09) (1.24) (4.19)
Weighted average shares outstanding:
Basic ............................................................. 37.5 37.7 37.8
Diluted ........................................................... 37.5 37.7 37.8
Cash dividend paid per common share ...................................... $ — $ — $ —
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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